Reasons Why The Crypto Dream Is Turning Into A Nightmare

Ongoing Conflict

Russia’s invasion of Ukraine has had a harrowing effect on crypto markets because inflation rose. Ironically, as cryptocurrencies become increasingly mainstream they move with regular markets. This is not something that developers foresaw when they tried to create an independent digital world.

They thought that their creations would be immune from the outside world but that’s not the case. Europe is in turmoil because of the ongoing conflict with a severe cost of living crisis. This is influencing investors and also affecting the value of the cryptocurrencies because people aren’t buying (via Time).